Hi Traders!
The market was moving under the (dotted) trendline. Then it breaked out bullish
until it reached the 4-hour trendline resistance. Now we can see the weakness of price action
and low volatility.
We recommend to sell the pullback backwards to the recent trendline and sell with a risk-to-reward ratio of 1 to 4.5!
Thanks and good luck :)!
The market was moving under the (dotted) trendline. Then it breaked out bullish
until it reached the 4-hour trendline resistance. Now we can see the weakness of price action
and low volatility.
We recommend to sell the pullback backwards to the recent trendline and sell with a risk-to-reward ratio of 1 to 4.5!
Thanks and good luck :)!